ED probes IL&FS’ Rs 860cr funding of Kohinoor Square

loan and equity investment amounting to Rs 860 crore in Kohinoor CTNL, the company constructing Dadar’s Kohinoor Square towers. The company was founded by Unmesh Joshi, son of former chief minister and senior Shiv Sena leader Manohar Joshi. Investigating agencies are probing the shareholding and investment in Kohinoor CTNL for which a consortium was formed by Unmesh, Maharashtra Navnirman Sena (MNS) chief Raj Thackeray and his business partner Rajan Shirodkar to purchase Kohinoor Mills Number 3 for Rs 421 crore. The ED recorded the statement of the CFO of Kohinoor CTNL and may call others for further explanation. According to sources, the agencies are investigating the transfer of shares in the company. Unmesh’s Kohinoor Group has lost control of Kohinoor CTNL and now it is with Sandeep Shikre and Associates (SSA), a Prabhadevi-based architectural firm. Despite repeated attempts, Unmesh could not be contacted for comment.Source